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Search Results 100 to 110 of about 111 (some duplicates have been removed)
to jon carl who first breck this story, the story of a framework last night. jon, dan used the word at the top of the broadcast, the emphasis here is on "fragile." >> that's right. the details are still being worked out. you know how important the details are, and nobody has signed on the dotted line yet. but i am told congressional leaders will brief their membership on the framework of this tentative deal later this morning. >> majority leader. >> late last night, senate majority leader, harry reid called off a vote on the debt ceiling plan, citing progress towards a deal. >> i'm glad to see this move toward cooperation and compromise. i hope it bears fruit. >> reporter: congressional sources tell abc news that two sides have tentatively agreed to a framework that includes a debt ceiling increase of up to $2.4 trillion, enough to last through the presidential election. agreement on more than $1 trillionon ispending cuts in the next ten years and a new special congressional committee to recommend additional deficit reduction of more than a trillion dollars. if congress doesn't act
for your reporting this morning. let's bring in senior political correspondent jon karl who's been all over this story from the jump. jon, we've got the boehner plan and the reid plan. everyone knows neither of these things can pass so what, if anything, is being done to craft some sort of compromise? >> reporter: well, there are, as you heard jim mention, quiet negotiations going on between harry reid and mitch mcconnell. trying to find middle ground. mitch mcconnell has been on the phone several times with vice president biden, i am told, over the last several days. they are trying to find one last-ditch effort to get what everybody knows needs to happen, dan, and that is something that has bipartisan support. i got to tell you, though, the atmosphere is so poisoned here, the question is, once they get that agreement, can they pass it? >> well, let me pick up on it. because there's been so much tough talk, even some trash talk. i wonder if there is another wiggle room rhetorically for the hard-liners on either side to back down. >> reporter: well, i think there ----aybe not the hard-liner
side's rhetoric squares very well with reality. let's get some perspective now from jon corzine, former democratic governor of new jersey, before that a u.s. senator and ceo of goldman sachs. currently he runs an investment firm mf global holdings limited. also carli fiorina, advisor to republican senatorial committee. also former senior campaign adviser to john mccain and before that ceo of hewlett-packard. let me start with you carly. you heard those sound bites. it seems like ending the corporate jet tax hike would be uncontroversial, but it seems like some of your fellow republicans are drawing a hard line on any revenue-raising proposals whatsoever. do you believe we can make a dent without doing that? >> i think first of all with regard to the rhetoric of millionaires and billionaires, the problem is when you look at the fine print what democrats are really talking about is raising taxes on a family that makes $250,000. and if you're a nurse and a fireman raising two kids, you don't feel very wealthy right now. so i think that's the problem. the rhetoric doesn't match the reality.
talk couldn't get the votes. they pulled it shortly before midnight. jon karl is watching it all from capitol hill. the speaker says he'll try again today. >> reporter: he will, but, george, this debt ceiling crisis has become a political crisis for republicans. boehner will convene all 240 house republicans this morning to make one final push for it. but the reason he pulled the bill last night is he just couldn't get enough republicans to pass his own bill. republican leaders worked late into the night trying to get the votes to pass their own debt ceiling bill. reporters swarmed around utah republican jason chafitz. he told us he's still not sure. >> i'm surprised they are not twisting and ripping arms off. >> reporter: the speaker said he can't do his job if you respect there to support him. >> i am fully supportive of the speaker. i just can't support his bill but i do support the speaker. >> reporter: but for speaker of the house john boehner, the political stakes could not be higher. >> his leadership of the republicans in the house and being speaker is clearly at stake here if
appearing stronger heading into the 2012 race than he was just a few weeks ago. we want to bring in jon karl to help weigh in on these numbers. jon, we were talking earlier on the surface it seems like a few points shift here. but given the backdrop of this economy and unemployment this is fairly dramatic. >> reporter: is pretty dramatic. and the factor seems to be the debt ceiling standoff. take a look at the numbers against mitt romney, the president has opened up a lead, a pretty significant lead you see there of 51% to 44%. the lead is even more dramatic against other other candidates. look where he was a month ago, david. mitt romney was tied with president obama. the big factor here, in fact, the only factor that has really changed is that independent voters have moved away from the republicans and towards the president. >> so, independent voters watching the debt showdown and weighing in. >> reporter:s that's exactly right. and don't like the way the republicans have been handling it. >> speaking of the republicans, you take a look at how they're stacking up with the race. and a famil
in our team covering it this morning. jake tapper, jon karl on capitol hill. jon, given the deadlock, the senate republican leader mitch mcconnell says he doesn't think a deal can be reached, so he's come up with a last-ditch fallback which puts the burden on the president. >> reporter: last choice option, only if the talks completely collapse. it's complicated but the bottom line is, it would give the president the auththity on his own to gradually raise that debt ceiling by $2.5 trillion between now and the election. the political burden is all the president's. he can do it without spending cuts and even in the face of opposition from the majority in congress. but i've got to tell you, george i talked to a lot of republicans in the house, rank and file, who say it's not acceptable. they want real spending cut, a lot of them and nothing else. >> there's no guarantee of spending cuts even though it would avoid tax increases. let me bring in jake tapper for the response on that. any openness in the white house to that and where do they think the talks are right now? are they as pessim
later today. abc's jon karl is covering it from capitol hill. jon, we are seeing fire from the house speaker. >> reporter: we sure are. this vote today on his debt ceiling plan is the highest-stakes vote of his term as speaker of the house. and he is doing everything he can to get those tea partyers in line. john boehner is now demanding republicans stand with their party. in a closed-door meeting, he had a stern message for tea partiers who just don't like his debt ceiling plan. boehner told them get your ass in line, sources at the meeting tell abc news. this comes a day after another republican leader attempted to rally the troops with a clip from the movie "the town." >> i need your help. i can't tell you what it is. you can never ask me about it later. and we're going to hurt some people. >> which car are we going to take? >> reporter: allen west liked what he heard. >> i told him i would drive the car. >> they could have used "rudy," "hoosiers," "band of brothers." but this was the choice that they made. >> t ts is a movie. this is not reality. so, get a li
Search Results 100 to 110 of about 111 (some duplicates have been removed)